Tag Archives: srecs
In Focus: Solar Renewable Energy Credits (SRECs)
Solar Renewable Energy Credits, or SRECs, are an extra financial benefit to generating solar energy. In Maryland, and other states, electricity suppliers must produce a part of their electricity from solar generators. In order to meet this Renewable Portfolio Standard (RPS) – discussed in an earlier blog post, companies either produce enough solar energy themselves, [...]
Will SRECs Save the U.S. Solar Industry?
California may be the America’s reigning Little Germany for PVinstallations, but states with Solar Renewable Energy Credit (SREC)markets may be where new solar dreams are made. Results from theinaugural SEIA/GTM Research U.S. SolarInsight™ (to be launched at Solar Power International in mid-October) show that the seven states with SREC markets haveinstalled a combined 110 [...]
What Your Solar Installer May Not Have Told You About Massachusetts SRECs
With the arrival of Solar Renewable Energy Credits (SRECs) in Massachusetts, the economic viability of solarhas improved dramatically. Unlike state and federal rebates and taxcredits, there is still a lot of uncertainty about how much SRECs are worth and how long they will be around. Solar Renewable EnergyCredits (SRECs) are tradeable certificatesthat represent all the [...]
Massachusetts SRECs Explained – Part I
Massachusetts joins other stateslike New Jersey , Pennsylvania, and Maryland in creating an SREC marketin 2010. However, what sets the Massachusetts SREC system apart is that it is a market driven system that allows flexibility to react to market conditions. In addition, most of the other states have an SREC system that is based [...]
SRECs Explained
Even among the solar-savvy, many people do not know what Solar Renewable Energy Credits (SRECs) are or what potentialbenefits they represent. As we’ve mentioned before, SRECs (or often simply RECs) allow generators of renewableenergy to sell credits to businesses like utilities who need them tocomply with government regulations. These credits accrue automaticallyto solar panel owners [...]
Making Money with New Jersey SRECs
In addition to the federalinvestment tax credit, in which 30% of your solar investment can bewritten off against your taxes no matter where you live, states like New Jersey have begun to offer tremendous local incentives for residents to adopt solar lifestyles. One of those incentives is known as a Solar Renewable Energy Credit (SREC), [...]
Peco To Buy Solar Renewable Energy Credits
Peco Energy Co.’s plan to purchase solar renewable energy credits(SRECs) to help meet its alternative energy goals has just been approved bythe Pennsylvania Public Utility Commission. The utility has proposed anSREC purchasing plan to last for the next ten years, and its approvalis another excellent step forward in Pennsylvania’s solar market. Pecosays it will purchase [...]